Question

A shopkeeper buys a t.v. set for rs 4,950 and spends rs 50 on its transportation. He sells it for rs 5,500. Find his profit per cent.

Answer 1

HEY.......☺

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COST PRICE OF THAT TV IS RS 4,950

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THE EXTRA TAX = 50RS....

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SO HIS TOTAL EXPENDITURE =

4,950 + 50 RS...

5,000 RS

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SELLING PRICE = 5,500 RS...

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HIS PROFIT = SELLING PRICE - COST PRICE

PROFIT IN RS....

5,500 - 5,000

500RS

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PROFIT PERCENT =

= 100 * PROFIT / TOTAL EXPENDITURE......

= 100 * 500 / 5000

= 10

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SO HE MADE THE PROFIT OF 10%

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